Marc Faber: Financial Turmoil Ahead, Gold is My Largest Single Holding – Source – Palisade Radio (08/14/2019)

Marc discusses how various modern economic theories are already being tested as the world now has 15 trillion in negative-yielding bonds. He feels that Modern Monetary Theory would result in an overall loss of freedoms as people would become increasingly dependent on government.

Gold is again rising but how high it will go, Marc, does not know but to him, it seems inexpensive when compared to negatively yielding bonds. Gold should stay above 1400 and investors should hold it as insurance in varying amounts depending on their confidence in the financial system.

Exit mobile version